The RealReal, Inc. (REAL)

The RealReal Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-41.8	-134.2	-168.47	-196.45	-236.11
Depreciation & Amortization	33	33.1	31.7	27.67	23.53
Stock-Based Compensation	28.94	29.08	34.27	46.14	48.8
Other Adjustments	26.13	96.03	70.29	28.43	36.48
Change in Receivables	-12.47	0.77	-6.98	-6.12	-1.59
Changes in Inventories	-9.47	-3.68	10.94	23.97	-29.2
Changes in Accounts Payable	1.61	0.91	-0.43	4.95	-9.99
Changes in Accrued Expenses	34.44	24.56	-4.89	0.68	44.91
Changes in Other Operating Activities	-23.38	-19.72	-27.7	-20.82	-18.99
Operating Cash Flow	37.01	26.85	-61.27	-91.56	-142.15
Operating Cash Flow Growth	37.86%	-	-	-	-
Capital Expenditures	-18.64	-14.25	-29.18	-22.86	-37.47
Purchases of Intangible Assets	-12.89	-11.8	-12.95	-14.06	-9.97
Proceeds from Sale of Investments	-	-	-	-	4
Other Investing Activities	2.31	0.46	-	-	-
Investing Cash Flow	-29.22	-25.59	-42.13	-36.92	-43.44
Long-Term Debt Issued	-	-	-	-	278.23
Long-Term Debt Repaid	-26.75	-	-	-	-
Net Long-Term Debt Issued (Repaid)	-26.75	-	-	-	278.23
Issuance of Common Stock	2.68	1.79	0.91	4.31	8.35
Repurchase of Common Stock	-0.16	-1.65	-0.68	-0.21	-0.01
Net Common Stock Issued (Repurchased)	2.52	0.14	0.23	4.1	8.35
Other Financing Activities	-4.64	-4.9	-	-	-33.67
Financing Cash Flow	-28.87	-4.76	0.23	4.1	252.91
Net Cash Flow	-21.08	-3.5	-103.17	-124.38	67.33
Free Cash Flow	18.37	12.6	-90.45	-114.42	-179.62
Free Cash Flow Growth	45.78%	-	-	-	-
FCF Margin	2.65%	2.10%	-16.47%	-18.96%	-38.41%
Free Cash Flow Per Share	0.16	0.12	-0.89	-1.19	-1.97
Levered Free Cash Flow	-50.98	-113.28	-188.03	-182.87	14.92
Unlevered Free Cash Flow	-6.58	-35.69	-186.13	-175.75	-242.16

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q